banner_ad

Senior citizen (housewife) - advance tax liability related

Tax queries 342 views 2 replies

Hello, 

A housewife (senior citizen) who is NOT having any business income but income only from FD and other capital gains such as Shares and mutual funds.. if she sells an immovable property and thus earns capital gains - 

in above scenario - is she liable to pay any ADVANCE Tax ? (she may not necessarily buy a house property within one year and prefer to pay tax on the capital gains realised)

thanks

Replies (2)
Senior citizens are exempted and not required to pay advance tax.
Taxes are required to be paid as self assessment before filing of return.

thanks a lot for reply


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details